NUR-SULTAN, Kazakhstan – The Caspian Pipeline Consortium (CPC) marine terminal loaded 4,120,449 gross tons (32,668,264 barrels) of crude oil in 41 tankers, the press service of CPC said.

“Of 4,120,449 tons lifted in January 2021, 1,716,955 tons of crude was from the Tengiz field, 993,792 tons from Karachaganak field, 817,329 tons from Kashagan field, and 1,164 tons from other Kazakhstani producers,” CPC reported.

In January, 2021 the Kazakh producers shipped in total 3,529,240 tons of crude oil, and 591,209 tons of lifted crude was received from the Russian territory.

The current monthly loading record was hit in March 2020. CPC MT then lifted 6,450,676 gross tons (51,118,685 barrels).

Since 2001 through to January 31, 2021, 708,975,304 net tons of crude oil were delivered to the world markets via the Tengiz-Novorossiysk oil pipeline system; 618,198,419 tons of that crude came from Kazakhstan and 90,776,885 tons of crude were produced in Russia.

The Caspian Pipeline Consortium is one of the largest investment projects in the energy sector with the participation of foreign capital in the CIS. The length of the Tengiz – Novorossiysk pipeline is 1,511 kilometres; this route transports more than two-thirds of all Kazakhstan’s export oil, as well as crude oil from Russian fields, including those located in the Caspian.

CPC shareholders: Russia (represented by Transneft – 24% and CPC Company – 7%) – 31%; Republic of Kazakhstan (represented by KazMunayGas – 19% and Kazakhstan Pipeline Ventures LLC – 1.75%) – 20.75%; Chevron Caspian Pipeline Consortium Company – 15%, LUKARCO B.V. – 12.5%, Mobil Caspian Pipeline Company – 7.5%, Rosneft-Shell Caspian Ventures Limited – 7.5%, BG Overseas Holding Limited – 2%, Eni International N.A. N.V. – 2% and Oryx Caspian Pipeline LLC – 1.75%.

Tengiz, Karachaganak and Kashagan are latest oilfields in Kazakhstan.

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